Network Marketing is a great business for any motivated person. Due to this business model any ambitious individual now has the opportunity for increased wealth and personal growth. Network Marketing is the only business model that provides a residual income that continue to increased over time to you and your heirs with a steady, dependable cash flow, even if you are unable to work. It is better than having money in the bank and living off the interest. Thousands around the world have had immense success with a five digit network marketing income figure monthly with this business model.
There are basically two ways to start an MLM Business. But before we go into that lets take a look at a few questions Network Marketing beginners must ask them selves and find out.
1- What are the products offered by the company?
2- Is the product consumable and has little or no competition? Is it used on a daily basis?
3- What are my possibilities of earning with the MLM Company (Compensation or Pay Plan)?
4- How much am I willing to spend every month on my MLM Business?
5- Am I going to accept support and guidance from my sponsor to help me grow my business?
6- What is the starting cost and sign up product packages of the MLM Company?
These questions are intended to help you make a decision on the company you want to join and can be investigated from the websites of most MLM Companies or company brochures. If your answers to the above questions are very positive, then you can now confidently start your Network Marketing business using one of the approaches as explained below.
The first way to start is by using the Traditional Network Marketing business model. In all old school MLM Companies, the leaders are often good speakers, or they are recruiters with a large social circle. The usual way of prospecting is by a three way system. To elaborate further this is referred by a few names, one such referral is the ABC or Advisor, Bridge and customer system.
To be an Advisor you will need to be able to have good oratorical skills. To be the Bridge you will be a traffic middle man, introducing your large pool of contacts to the Advisor. The customer is the prospect. The Advisor and Bridge work together to bring new reps into the system. Should persuading people verbally and inviting contacts to events come naturally and you feel good the benefits of your company and products can bring to your prospects then this is one route you can take.
The second way to start a network marketing business is utilizes the power of the internet.
The main difference lies in the duplication system. Instead of following up with invites and calling, leads are qualified using sales ads and email marketing. Prospects fill up a form expressing their interest and upon receipt of a link in their email, will click that link to confirm the email is valid. Messages will be sent to the prospect educating them about the automated internet MLM system and how to market it online. New enrollees then join the business by clicking on links that lead them to payment processing pages where they pay for their start up cost and signup packages by credit card. Upon joining, they will proceed to market the same system that brought them in.
The benefits to such a system removes the element of cold calling and speaking to strangers, untargeted prospects. Rather than teach someone who has not put down any commitment to work a business; it is more fruitful to spend one’s energy and time working with a prospect qualified by the automated system. Some people who do not find success in the first business model have found it in the second.
My Recommendation to Network Marketing beginners is to use the second model as it is easy, fast and save time. Why?
Wealth = Physical Resources x Technology
That is, we can increase our wealth by changing our technology, regardless of our physical resources. So if your time is limited, use technology to increase your wealth. If you are not smart as your neighbor, use technology to increase your wealth. If you are not tall, athletic, handsome, educated etc., simply use the technology of the day to improve your wealth.
Technology does not refer to computers! It is not fancy machinery! It is something that is available to every one. Technology is simply knowledge. If you have read this article to this point, you already have the knowledge to start your own Network Marketing Business to make money and become totally financially free.
In this case, the technology is network Marketing. All you need to succeed in your MLM business is Commitment, Energy and Enthusiasm.